“Bitcoin has the potential to be comparable to the value of gold…It is a fantastic hedge and store of value against autocratic regimes and banking infrastructure that is corrosive to how the world needs to work properly”

WHAT ARE THE BEST SMSF BITCOIN EXCHANGES

These are two exchanges that recognise an SMSF account and are easy to deal with[/vc_column_text][mk_custom_list icon_color=”#ffffff” el_class=”text-white”]

Cointree – offers 25 coins with 0% commission( limited time)

Independent Reserve – offers 4 coins

[/mk_custom_list][vc_column_text el_class=”text-white”]Whilst there is a greater choice of crypto exchanges available to individuals, the options for an SMSF are limited.Trading Fees: range from 0.50% – 1%[/vc_column_text][/vc_column_inner][vc_column_inner][vc_separator color=”white”][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=”1/4″][vc_single_image image=”12847″ alignment=”center”][/vc_column_inner][vc_column_inner width=”3/4″][vc_column_text el_class=”text-white heading-color”]

SUITABLE SMSF CRYPTO WALLETS

There are two types of crypto or bitcoin wallets[/vc_column_text][mk_custom_list icon_color=”#ffffff” el_class=”text-white”]

Software wallets like – Copay & Exodus

Hardware wallets like the Keepkey & Trezor

[/mk_custom_list][vc_column_text el_class=”text-white”]For SMSF holdings, only a hardware wallet will be compliant with super laws as these wallets can be purchased by the SMSF directly where as software wallets don’t recognise companies and trusts as owners. [/vc_column_text][/vc_column_inner][vc_column_inner][vc_separator color=”white”][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=”1/4″][vc_single_image image=”12848″ alignment=”center”][/vc_column_inner][vc_column_inner width=”3/4″][vc_column_text el_class=”text-white heading-color”]

[/mk_custom_list][/vc_column_inner][vc_column_inner][vc_separator color=”white”][/vc_column_inner][/vc_row_inner][mk_padding_divider size=”30″][vc_column_text]It is also important to be aware of the risks and benefits of cryptocurrency investing as price fluctuations can be between 10% -30% daily. It is not suitable for many retirement investors.[/vc_column_text][/vc_column][vc_column][vc_row_inner attached=”true”][vc_column_inner width=”2/3″][vc_column_text]The money smart site has a great section dedicated to cryptocurrency[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/3″][mk_image src=”https://www.mysmsfproperty.com.au/wp-content/uploads/2017/09/money_smart.png” image_size=”full” link=”https://www.moneysmart.gov.au/investing/investment-warnings/virtual-currencies” target=”_blank”][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_empty_space height=”30px”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column border_color=”#d6d6d6″ width=”1/2″][vc_row_inner][vc_column_inner][vc_empty_space height=”30px”][mk_fancy_title color=”#0a0a0a” size=”26″ font_weight=”400″ letter_spacing=”1″ font_family=”none” align=”center”]

Tax Treatment of Bitcoins and Crypto Currency

[/mk_fancy_title][mk_custom_list]

If you sell your bitcoins or Altcoins and convert to Australian dollars, you may be subject to capital gains tax,

If an SMSF member is in pension phase and they sell their crypto assets, they would not attract capital gains tax, based on the exemptions prevailing for pension members under the current super laws.

Please Note: Our Service is an ‘Execution Only Service’ we do not provide advice on crypto investments[/mk_custom_list][/vc_column_inner][vc_column_inner width=”1/2″][mk_fancy_title color=”#0a0a0a” size=”20″ font_weight=”400″ letter_spacing=”1″ margin_bottom=”10″ font_family=”none” align=”center”]

Ainslie Bullion’s Bitcoin & Gold Services

[/mk_fancy_title][vc_column_text]Our friends at Ainslie Bullion, provide bitcoin, Ethereum and Gold purchase and storage solution. Buy bitcoins, by placing an online order or by going into the showroom to transact and have it stored in a third-party vault Or via Ainslie Bullion’s paper or hardware wallet services.Read more[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column width=”1/6″][/vc_column][vc_column width=”2/3″][mk_image src=”https://www.mysmsfproperty.com.au/wp-content/uploads/2017/09/cryptocurrency-community.jpg”][/vc_column][vc_column width=”1/6″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text disable_pattern=”false”]

Warning: Always seek advice, both financial and tax related advice, before investing in Crypto Currency. Crypto Currency is very volatile and it is a high risk asset class.

SMSF SERVICES

My SMSF Software

Connect with us

All information on this site is intended for educational purposes, it is general advice only and we have not considered your personal and financial objectives, therefore you should consider the appropriateness of this information before acting on it. You should read all product disclosure statements, Financial Services Guides provided when deciding on acquiring any financial product or service. All testimonials on this site are not representative of all of our clients who use our services. R S Capital Partners Pty Ltd A.B.N: 67 145 282 908 trades as My SMSF / My SMSF Property which are registered trademarks. The information is current as at 30th of July 2018. The My SMSF, SMSF Setup fee is subject to the conditions listed on our Fee Schedule page.